Who is Mark Carney?
Technocratic globalist aspirations vs. Canadian interests
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“Technocrat Carney” is a far better nickname than “Carbon Tax Carney.” At least that was my impression after thumbing through Mark Carney’s 2021 book Value(s): Building A Better World For All. Spelled out in this 573 page volume is Carney’s global technocratic vision of environmental and economic sustainability. In his chapter on climate change he writes “Net zero isn’t a slogan, it’s an imperative of climate physics.”
So, who is Mark Carney? He is a former central banker; a finance guy obsessed with climate change. Oh boy, one of those people who cannot stay in their lane. The lane of climate science and environmentalism does not intersect tangibly with the lane of finance. They are disciplines requiring completely different skill sets. They are only brought together for political purposes, because financial regulation in the hands of the government is both a tool and a weapon to force outcomes in the service of desires that would never be satisfied naturally without power directed at them deliberately.
Mark Carney desires environmental sustainability and a “Net-Zero” world. He plans to achieve this through financial regulation. In fact, Carney believes that all global investment should be subject to climate change strictures. He argued this in 2021 when appointed UN special envoy on climate action and finance, and he still believes it, as seen in his dogged refusal to commit to removing the highly unpopular Canadian Carbon Tax, as well as his continued enthusiasm for the Paris Climate Accord.
Even as he sets his sights on the Liberal leadership, the world of Carney’s desires is crashing down around him. On his first day in office, U.S. President Trump cancelled Biden’s green initiatives and withdrew from the Paris Accord.
Even worse for Carney, an organization he created in 2019, the Glasgow Financial Alliance for Net Zero (GFANZ) – a consortium of elite financial interests who were initially eager to signal virtue and “do good” concerning climate initiatives – experienced a mutiny once members realized Carney is dead serious about financial regulation for climate change. The National Post’s Kelly McParland reported on the exiting institutions:
“The biggest American banks started the retreat, with Goldman Sachs, Morgan Stanley, Citigroup, JPMorgan Chase and Bank of America all pulling out, as did New York-based BlackRock, the world’s biggest asset manager. Canadian banks soon after joined the flight, with Bank of Montreal, National Bank, TD Bank, CIBC and Scotiabank all backing away. Britain’s Financial Times reported that European bankers are also threatening to follow suit unless the rules requiring them to track and report on their progress are eased.”
Indeed, Carney takes a hard line. He told bankers and investors in 2019, “If some companies and industries fail to adjust to this new world, they will fail to exist.” No wonder the financial elite didn’t stick around camp Carney for long. He is an impractical climate zealot. Don’t let his primary persona as a financial leader fool you into thinking his secondary persona is not a deranged climate change activist.
Carney left GFANZ to seek the Liberal Party leadership. Since his departure, in a bid to win back the elite financial organizations who left, GFANZ have withdrawn many of the Carney strictures which seemed to have been the main concerns among members. Institutions will no longer be required to meet the Paris climate goals. Elite institutions must project prestige, they need to be seen as supporting the things which are seen to be the things that need to be supported. It is all for the purpose of signaling that much sought-after golden virtue. But Carny is not quite like the others. He is genuine in his utopian climate delusions. This makes him far more dangerous than the average greedy banker.
Even before Trump took office another green economic organization co-founded by Carney, The Network of Central Banks and Supervisors for Greening the Financial System suffered a major setback. The U.S. Federal Reserve withdrew its membership saying “it had decided to leave the network after the group’s work ‘increasingly broadened in scope’.”
When one considers the international reset taking place around how financial regulation linked to climate initiatives is being conceived, for example, “axe the tax” in Canada, is it not clear that Carney is an inexorable part of the very thing that is now crumbling before our eyes? While other senior members of the Liberal party have conceded that the Carbon Tax needs to be abandoned, Carney persists in rationalizing it, along with Net-Zero, the Paris Accord, and bloated global bureaucracy for regulating investment for climate change — all things the entire world is stepping back from. Get with it Carney!
Unfortunately Carny is likely to become an unelected Canadian prime minister for a short spell until Canadian’s ultimately decide on a prime minister at the next election. He is unlikely to remain in office after that election – how can his full-throated emotional and intellectual investment in global sustainability and the impractical green initiatives that comes with it not be rejected by the Canadian populace so battered by much of the same nonsense during nine years of Trudeau?
The whole drama these Liberals are putting the country through at this moment of a looming trade dispute with the Americans, is likely to go down in history as one of the most, if not the most, despicably self-serving partisan borderline treasonous acts of national dis-interest this unscrupulous governing party has ever taken. Shame on them.
Carney is not the guy. Who is he kidding? The Liberals are conducting a charade, they are wasting time at a moment when there is no time to waste. They are acting unforgivably against the interests of the country. Sit down Carney, we need conservative leadership to clean up Trudeau’s mess. The last thing we need is more of the same. It matters not if he is seen as an insider or outsider, what is clear to me is Carney will put his technocratic aspirations for global climate harmony through economic regulation above the interests of Canada.
Thanks for reading. For more from this author, read Gender Madness and Insane People
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Think of folks like, Carney, Butts and Trudeau like zealot leaders in yesterday’s religious wars. Their “carbon zero” is their Holy Grail, and they are willing to burn down the world (or rather let us freeze in the dark) to reach their goal.
Thanks for this article. Yet another clarion call that tells us that Carney is a chancer, a political grifter and really rams it home the fact that he is a climate alarmist zealot. He is much more dangerous than his would be predecessor Trudeau as Carney is a bright, intelligent, focused, determined zealot which make him much more difficult an animal to expose and destroy.